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TechnipFMC Press Release TechnipFMC Announces Third Quarter 2021 Results • Subsea inbound orders of $ 1.1 billion in the quarter , $ 3.9 billion for first nine months • Cash flow from operations of $ 135.9 million ; free cash flow of $ 88.6 million • Cash and cash equivalents increased to $ 1.0 billion ; net debt reduced by $ 401 million NEWCASTLE & HOUSTON , October 20 , 2021 reported third quarter 2021 results . - - TechnipFMC plc ( NYSE : FTI ) ( Paris : FTI ) today Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non - GAAP financial measures are provided in financial schedules . Three Months Ended Change ( In millions , except per share amounts ) Sep. 30 , Jun . 30 , 2021 2021 Revenue $ 1,579.4 $ 1,668.8 Sep. 30 , 2020 $ 1,727.5 Sequential ( 5.4 % ) Year - over- Year ( 8.6 % ) Income ( loss ) ( $ 40.6 ) ( $ 174.7 ) ( $ 64.7 ) n / m n / m Diluted earnings ( loss ) per share $ ( 0.09 ) $ ( 0.39 ) $ ( 0.14 ) n / m n / m Adjusted EBITDA $ 140.6 $ 144.3 $ 121.1 ( 2.6 % ) 16.1 % Adjusted EBITDA margin 8.9 % 8.6 % 7.0 % 30 bps 190 bps Adjusted income ( loss ) $ ( 25.0 ) $ ( 26.0 ) $ ( 19.7 ) n / m n / m Adjusted diluted earnings ( loss ) per share $ ( 0.06 ) $ ( 0.06 ) $ ( 0.04 ) n / m n / m Inbound orders Backlog $ 1,365.9 $ 1,559.5 $ 1,814.6 ( 12.4 % ) $ 7,002.4 $ 7,312.0 $ 7,586.9 ( 4.2 % ) ( 24.7 % ) ( 7.7 % ) Total Company revenue in the third quarter was $ 1,579.4 million . Loss from continuing operations attributable to TechnipFMC was $ 40.6 million , or $ 0.09 per diluted share . These results included after- tax charges and ( credits ) totaling $ 15.6 million of expense , or $ 0.03 per share , which included the following ( Exhibit 6 ) : • Impairment and other charges of $ 38 million ; • Restructuring and other charges of $ 6.1 million ; and Income from equity investment in Technip Energies of ( $ 28.5 ) million . Adjusted loss from continuing operations was $ 25 million , or $ 0.06 per diluted share ( Exhibit 6 ) . Included in adjusted loss from continuing operations was a loss on early extinguishment of debt of $ 16 million . Adjusted EBITDA , which excludes pre - tax charges and credits , was $ 140.6 million ; adjusted EBITDA margin was 8.9 percent ( Exhibit 8 ) . Included in adjusted EBITDA was a foreign exchange loss of $ 6.2 million . TechnipFMC.com Page 1 of 25